“Brazil is our most important market in Latin America. It is one pillar of the company’s organic growth,” says Gonzalo Uribe, chief government for Latin America.
Brazil is considered one of Kimberly-Clark’s 10 largest operations worldwide, with 4000 workers. In the primary quarter, gross sales of the Brazilian operation grew by double digits. Globally, the gross sales of the U.S-based multinational grew 7% 12 months over 12 months, to $5.09 billion, however working revenue fell 10%, the identical contraction as web revenue, which stood at $535 million.
“Margins are typically lower in the first quarter, but they are starting to show some recovery,” says Uribe. “The price of products offered was 13% increased within the quarter, however, in line with him, analyses and information level to an enchancment this 12 months.
Thanks to latest investments, Okay-C’s Suzano, Brazil plant can produce 200 million diapers per 30 days. Additionally, automated manufacturing of moist wipes started on the website. These models serve markets in Chile, Peru, Bolivia and Argentina, along with Brazil.
Additionally, the corporate’s different two Brazilian crops—in Mogi das Cruzes and Camacari, will develop manufacturing of the Intimus female care model to initially serve Brazil, Chile and Peru.